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TEXAS GENERAL LINES LIFE, ACCIDENT AND HEALTH INSURANCE 2 LATEST VERSIONS ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+$14.49
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TEXAS GENERAL LINES LIFE, ACCIDENT AND HEALTH INSURANCE 2 LATEST VERSIONS ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+
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TEXAS GENERAL LINES LIFE, ACCIDENT AND HEALTH
Institution
TEXAS GENERAL LINES LIFE, ACCIDENT AND HEALTH
TEXAS GENERAL LINES LIFE, ACCIDENT AND HEALTH INSURANCE 2 LATEST VERSIONS ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+
10/8/24, 7:01 AM TEXAS GENERAL LINES LIFE, ACCIDENT AND HEALTH INSURANCE 2 LATEST VERSIONS ACTUAL EXAM COMPLETE …
TEXAS GENERAL LINES LIFE, ACCIDENT AND
HEALTH INSURANCE 2 LATEST VERSIONS
ACTUAL EXAM COMPLETE QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+
Terms in this set (343)
LIFE SECTION 1 LIFE SECTION 1
1) Sandra Timms, age 27, A- $50,000 Whole Life policy
is advised by her B- $50,000 Level Term policy for 20 years
producer to purchase C- $50,000 20 Pay Life policy
Life insurance to cover a D- $50,000 Decreasing Term policy for 20 years
20-year-amortized
$50,000 business-
improvement loan. Which
of the following plans
would adequately
protect Ms. Timms at the
minimum premium
outlay?
2) A 45-year old A- Deferred Annuity
customer who is seeking B- Equity Indexed Annuity
to supplement his C- Variable Annuity
retirement income at age D- Immediate Annuity
65 would not buy a:
,10/8/24, 7:01 AM TEXAS GENERAL LINES LIFE, ACCIDENT AND HEALTH INSURANCE 2 LATEST VERSIONS ACTUAL EXAM COMPLETE …
3) John Livingston owns a A- 60
30-Pay Life policy that he B- 70
purchased at the age of C- 100
30. The cash value will D- 30
equal the face amount of
the policy when he
reaches the age of:
A- Universal life
4) Which of the following
B- Whole Life
is an example of a
C- Life Paid-Up at Age 65
Limited-Pay Life policy?
D- Renewable Term to Age 70
5) Which of the following A- Annuity
policies provides the B- Whole Life
greatest amount of C- Term
protection for an D- Limited-Pay Life
insured's premium dollar
as well as some cash
accumulation?
A- Conversion to a lower-premium plan
6) Which of the following
B- Conversion from a Whole Life policy to a Term
individual policy
policy
conversions is usually
C- Conversion from a Term policy to a Whole Life
permitted without any
policy
evidence of insurability?
D- Conversion to a larger amount of insurance
A- The premiums payments are owed annually until
you die or reach age 100
7) Which of the following
B- The cash value grows more quickly in the
is NOT correct regarding
beginning years of the policy
Ordinary Whole Life
C- Coverage lasts for your own life
policies?
D- Ordinary Whole Life is a type of permanent
insurance
, 10/8/24, 7:01 AM TEXAS GENERAL LINES LIFE, ACCIDENT AND HEALTH INSURANCE 2 LATEST VERSIONS ACTUAL EXAM COMPLETE …
A- Premiums are payable for a designated period of
time only, after which coverage is no longer
provided
B- Premiums are payable until the insured's
retirement only, after which coverage is continued
8) Which of the following automatically until the insured's death
statements is true about
the premium payment C- One premium, in the amount of the insured's
schedule for a Whole Life choice, is payable at the time of application, and the
policy? balance of the premiums is deducted from the face
amount of the policy at the time of the insured's
death
D- Premiums are payable throughout the insured's
lifetime, and coverage continues until the insured's
death
9) A life insurance policy A- Joint Life
that covers two parties, B- Contingent Life
but only pays when the C- Other insured Life
last party dies is known D- Survivorship Life
as:
10) Which of the A- 20-Pay Life
following contracts B- Modified Whole Life
requires that a series of C- Annuity
benefit payments be D- Ordinary Whole Life
made at specified
intervals?
11) If a client wants cash A- Variable Life
value life insurance with a B- Universal Life
flexible premium and an C- Adjustable Life
adjustable death benefit D- Variable/Universal Life
that will allow the policy
owner a choice of various
cash value investment
options, he should buy:
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